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Rickshaw Man

Patterns pattern candlestick classic

A long-legged doji where the body is in the center of the range.

Usage

Indicates total equilibrium and indecision.

Background

Candlestick patterns were popularized in the West by Steve Nison in his 1991 book 'Japanese Candlestick Charting Techniques'. These patterns provide a visual representation of market psychology and the balance of power between buyers and sellers at key price levels.

Formula

\text{Pattern Recognition Logic (TA-Lib Internal)}

Source